Section 030-300-3 - TERMINATION OF BUSINESSA. PROCEDURES FOR CESSATION OF BUSINESS1. Any licensee terminating its business shall comply with the following requirements: (a) Notify the Superintendent of the proposed termination at least 30 days prior to its effective date;(b) Notify all clients in writing of the proposed termination and its date at least 30 days prior to that date;(c) Provide all clients with detailed final accountings of all debtor accounts;(d) Remit all money held in the agency trust account to each respective client;(e) Return all papers, documents and other property of clients provided to the licensee in connection with its collection efforts to each respective client; and(f) Return its license to the Superintendent for cancellation.2. No licensee, when terminating its business, may transfer an account to another licensee without securing the written permission of the client.02-030 C.M.R. ch. 300, § 3